Vietnam’s second oil refinery will be fully operational by early August, a senior executive at the plant said on the 6th June, significantly reducing the country’s reliance on refined product imports. The 200,000-barrel-a-day (bpd) facility, owned by Nghi Son Refinery and Petrochemical LLC, is already running…
Spanish oil company Repsol has updated its 2016-2020 Strategic Plan after achieving all the goals set out in the plan two years ahead of schedule, with an aim to invest €7.9 billion (US$9.3 billion) in its Upstream unit by 2020. Namely, between 2018 and…
Europa Oil & Gas has almost doubled its estimate of prospective resources on its FEL 3/13 licence in the South Porcupine basin offshore western Ireland to 2.9 Bboe. This follows Down Under Geosolutions (DUG)’s completion of pre-stack depth migration (PSDM) reprocessing of 3D seismic…
The transition to a more sustainable energy system is too slow. A sustainable development path, consistent with the two-degree target, does not allow for further delays in policy, industry and consumer action to reduce emissions. There is an agreement that a growing population and…
The United States government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, but it has not requested a specific figure, three OPEC and industry sources said on the 5th June. The US request to raise output has been…
Canadian crude surged by the most ever after Enbridge Inc said it would not implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta’s oil sands with US refineries. Western Canadian Select jumped…
Gaz-System and Energinet have signed a co-financing agreement with the EU Innovation and Networks Executive Agency for the engineering works for the Baltic Pipe gas project. Signing of the contract during the recent “Energy Infrastructure Forum” in Copenhagen confirms the EU Member States’ decision…
Norway’s Equinor has sold parts of its stake in an offshore block containing the giant Carcará oil field, offshore Brazil under the agreements signed in 2017. Equinor sold a 36.5% interest in the BM-S-8 block to ExxonMobil and a 3% interest to Galp. …
Queensland is leading the national charge towards a record year for the large-scale solar industry, Clean Energy Council Chief Executive Kane Thornton said in launching the 2018 Large-scale Solar Industry Forum in Brisbane. Mr Thornton said 20 projects were actively under construction, would soon…
Allseas’ multi-purpose construction vessel Pioneering Spirit has completed its first platform installation job, the single-lift 22,000-metric ton (24,251-ton) drilling platform topsides for Equinor’s Johan Sverdrup development in the Norwegian North Sea. According to Allseas, this was the heaviest installation executed anywhere in a single…
